Coinbase opens first regulated Bitcoin exchange in the United States

Coinbase just announced the launching of the first fully regulated Bitcoin exchange in the United States and the cryptocurrency community, along with every medie outlet, is making the good news go viral.

Coinbase’s goal is to “bring increased stability to the Bitcoin ecosystem”. According to the company, the new platform will provide “a reliable and secure platform for Bitcoin trading that is backed by investors such as the New York Stock Exchange”.

If you’re a Bitcoiner in one of the 24 territories where the exchange is currently operating, you can start trading immediately without paying any fees until March 30th. After that, the exchange will adopt a maker-taker model.

Orders which provide liquidity are charged different fees from orders taking liquidity. The fee is assessed as a percentage of the match amount (price * size).

Taker – 0.25% fee Maker – 0.0% fee

Fees are assessed at the time of match. An order can be both a maker and a taker if part of the order is immediately filled and another part is put on the order book and filled later. Each fill will be assessed fees independent of other fills.

“We believe Coinbase Exchange will bring stability and trust to the exchange space and are excited that large institutions like the Trading Division of SecondMarket are already trading on the platform”, Coinbase added.

Image source: Coinbase

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Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.